Alaska CDC‘s newest home building project (2020-21) will be in the central Mat-Su valley near Wasilla. The project location will be off of mile 8.5 Knik Goose-Bay Road. With a little hard work, owning your own home is within your reach. Mortgage payments are less than most rental housing. Quality, energy efficient homes and affordable payments. Monthly payments as low as $775. Home sizes are 1400 – 1600 SF, 3 bedroom and 4 bedroom plans with 2 bath & 2 car garage. 5 Star Plus Energy Rated. New construction. This style home is available through the USDA Mutual Self-Help Housing program.
Homes are built by mutual group construction under the direction of a construction supervisor. Skilled trades work is completed by contractors. Subsidized mortgages are financed by USDA Rural Development. Open to all applicants under 80% of the area median income (subject to credit, debt and loan qualifications). Affordable housing grant and loan assistance subject to eligibility ($25,000 conditional loan via Alaska Housing Finance Corporation Housing Development Program-0% interest with up to $10,000 conditionally forgiven). Prices include land, home and utility connections.
With approved affordable housing funds this home is available for a primary loan amount of $166,000. Not every buyer will qualify for every home. All prices are for self-help housing, which includes a minimum of 30 hours per week of buyer labor contribution. For more information, contact Alaska Community Development Corporation (we are a non-profit housing assistance provider) at (907) 746-5680. We are here to assist you—no obligation or hard sales pitch!
Historical Data
Year Began
2001
Total Homes Built
98
(+ 7 in progress)
Area Served
Matanuska-Susitna Borough
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